Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 14, Problem 1QP
Summary Introduction

To determine: The stock worth on the date of April 19.

Introduction:

The two dates before the record date is termed as ex-dividend date. The shareholder is entitled to dividend when he purchases the stocks on or before the ex-dividend date. The shareholder is not entitled to dividend when he purchases on or after the ex-dividend date. In this case, the seller gets the payments.

The stocks will get the ex-dividend position if the person gets the dividends from the company.

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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License